The Foundation
Funds for the Foundation come from bequests, named funds established for another person or in memorial, and gifts made especially to the Foundation. A sub-committee of the TLC Board oversees the Foundation funds and ensures that contributions made to the Foundation are used for the purposes for which they were intended. The inaugural Foundation committee members are:
- Susan Gough (as chair)
- Peter Bosworth
- Roderic O'Conner
- Sam McCullough
- Stuart Barry.
Current Progress
As of June 30th 2011, the Foundation Fund has accumulated $1,856,111 and the income from that Fund is already flowing directly towards protecting and managing the TLC's permanent reserves in perpetuity.
The Foundation Committee is now developing an investment strategy to direct the Foundation's goals of the long-term investment of contributions to the Foundation to sustainably fund the ongoing management costs of TLC permanent reserves.
The Foundation is comprised of the following named funds:
| Cathy Gibbons Fund | $50,000 |
| Dorothy Reeves Fund | $30,000 |
| Miriam Obendorf Fund | $95,000 |
| Brown Mountain Fund | $16,700 |
| Michael Buxton Fund | $20,000 |
| Tom Hay Bequest | $141,749 |
| Carolyn Parsons Bequest | $15,500 |
| Elizabeth Ann James Bequest | $146,550 |
| Joseph Bedford Bequest | $310,031 |
| TLC Foundation Fund | $841,289 |
| Susan Gough Fund | $10,000 |
| Sam Hignett Fund | $34,120 |
| Jupe Family Fund | $60,000 |
| Potts Family Fund | $10,000 |
| Bosworth Family Fund | $10,000 |
| Barry Family Fund | $15,000 |
| Endemic Crustacean Fund | $50,173 |
| Total | $1,856,111 |
The TLC is enormously grateful to the wonderful supporters, their families and friends who have contributed to the Foundation so far.
Bequests
One comfort regarding our mortality is to know that a portion of our accumulated wealth will be clearly allocated to a worthwhile cause upon death.
By leaving the TLC a gift in your Will, you are making a powerful and loving pledge to the preservation of Tasmania's natural places for years to come.
To have supporters nominate the TLC as a beneficiary in their will is of incredible importance and significance to the TLC. Bequests are a lasting gift to protect Tasmania's biodiversity by:
- Funding the ongoing work of the TLC
- Assisting in the purchase and management of permanent TLC reserves throughout Tasmania such as the magnificent Vale of Belvior near Cradle Mountain.
- Providing funds to acquire revolving fund properties.
Tom Hay's Bequest
“Tom was deeply committed to his island and its natural values and left his estate to the TLC to help sustain the TLC perpetually.” Pete Hay